Telsey Advisory Group Reiterates “Outperform” Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They currently have a $15.00 target price on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 54.88% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. KeyCorp cut their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group cut their target price on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. BMO Capital Markets dropped their price target on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus target price of $10.27.

Coursera Stock Performance

Shares of COUR opened at $9.69 on Tuesday. Coursera has a one year low of $6.29 and a one year high of $20.73. The stock has a 50 day moving average price of $8.32 and a 200 day moving average price of $7.96. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -18.99 and a beta of 1.44.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. KBC Group NV grew its position in shares of Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Coursera by 15.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company’s stock worth $1,036,000 after purchasing an additional 16,724 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Coursera by 66.1% during the fourth quarter. SG Americas Securities LLC now owns 87,209 shares of the company’s stock worth $741,000 after purchasing an additional 34,701 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Coursera in the 4th quarter valued at about $131,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Coursera in the 3rd quarter valued at about $1,651,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.